Nifty50 plans for todays and weekends N50 is ready for new highs because...
constant bulls (fiis and dis) interesting
in indian market and stocks buyings.
we will see soon N50 above 20700+ soon might be this is possible end of this year 2023.
Election results in the favor of current central government..that will create positive impact on investor's (fiis & Dis) and market too..
Indexfutures
niffty 50 50 target will be!niffty 50 50 target will be! 18500-19500-20000 wil be hit
what is the main reason ?
nifty50 traveling time how many ofyears!
short target 16750 ? (us fed repo rate not usable)
it wil be reach above written,
traders and investor inc.....d
food is important(farmer) (food crisis, jobless claim data for only gold impact us market that means big )
it is time to big move
this is analysis only few days ago (post today 14-9-2022) post writing data nifty 18011
dont take be serious! may be move.....
NIFTY at critical juncture - Breaking out of Strong ResistanceNifty has been in a correction for roughly 6 months and now it’s breaking out of the falling channel which coincidently intersects a Strong Resistance at the breakout point.
The significance of a Support & Resistance line increases when the price reverses at the same point multiple times.
This Resistance line on the chart is strengthened at multiple points during this correction (TouchPoints marked on the chart).
The cherry on the cake is that the breakout has not taken the price too far away from the resistance line. We may get a good risk/reward ratio if it sustains above the line.
If the price sustains above 17670, it will continue higher with the nearest resistance at 17800 which can act as a target in a smaller timeframe. The next target at 18350 on a higher timeframe.
The chart may actually form Doji’s or Spinning tops because the Resistance is too strong, and also it is the upper line of the falling channel.
Indicators are flashing green with strong RSI and MACD in positive territory.
One should wait for confirmation of breakout above 17670 before going long. If it fails to sustain above the resistance and forms a bearish candle, it can be a good trade opportunity for sellers.
Disclaimer:
This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor.
Sharing my analysis and thoughts for a stronger and healthier community. Cheers
Who is Bearish on Indian Market Most ?Thursday evening after seeing rebound in nifty I thought selling is over now we can see "V" shaped recovery but I don' t think this going to happen because of the way FII's shorted the Index. Let's Analyse the Index Future data let's start with retailers who are net buyer today they bought 11,956 index future contracts and cover the 201 shorts and now they hold 2,11,112 Long contracts and 1,30,363 shorts contracts. On the other hand DII's Neither Added Long contracts but covered 3,218 short contracts and now They hold 17,362 Long and 58,215 Shorts. Now let's talk about MARKET MAKERS (The FII) on Friday they not only covered Long but also added shorts. They covered 2,420 Long and added 17,745 short and their position in future index now is 40,493 Longs and 1,04,164 Shorts. Pro's Added 5,480 Long and shorted 690 contracts and now they currently hold 44,372 Longs and 20,597 shorts.
Participant wise Open Positions in Index FuturesHere Today's Participant wise Open Position data. In today's we can clearly see FII covered their long as well as short. Today They covered 38,478 longs and 15,750 shorts now they have 42,913 longs and 86,419 shorts. On the other hand Retailers also covered 10,870 longs and 21,214 shorts and now they hold 1,99,156 Longs and 1,30,564 shorts. Propritary desks added 2,265 Longs and covered 16,594 shorts Now they have open position in market 38,892 Longs and 19,907 shorts and Lastly DII added 332 Longs index futures and 6,812 short and they have open position such as 17,362 Longs and 61,433 shorts.